| ¡¡ |
¡¡
Overseas Credit Management Industry
¡¡
The Credit
Management Industry can be divided into two big branches. One is based on
products including investigative enterprises, consumers, assets and marketing
survey, and corresponding rating and assessment, and the other is based on
service including financial credit insurance, factoring, telephone inquiry,
non-financial account recourse, and credit management consultation.
As enterprises generally aims at development and profit, they are willing to
offer data about themselves to credit bureaus in order to raise capital, list,
etc. The banks, enterprises and government, which all own consumers¡¯ data, are
also willing to offer consumers¡¯ data to credit bureaus based on legal
regulations due to their own interest and policies (It is crucial to requiring
collecting credit information that an consumer who has good credit in one bank
or place maybe does not in others). Nowadays enterprises investigation industry
can finish the due diligence investigation on the limited liability enterprises
in 200 countries and areas all over the world within 15 business days. The speed
and quality of investigation service mainly depends on global enterprise credit
information databases such as Wodd Base and Euro Gate, which both have standard
output format that is convenient for searching and comparing. In addition, the
global databases can also provide analysis of risks and credit on industry,
financial organization and countries. In western countries, the credit
investigations on individual consumers are mainly conducted through credit
bureaus such as TU, Equihx, Experian, which provide billions of records of
credit databases. Several commonly used credit reports can be produced in a few
minutes. It is always sensitive to sell the credit investigation reports on
consumers, so related business operation has to comply with the requirements of
relevant credit law. At the same time, credit recovery business is an
indispensable part of consumer credit investigation industry. Because of great
businesses and demands (millions of individual credit reports and rating, and
hundreds of thousands of enterprises credit reports and evaluation are in demand
every day.), foreign credit bureaus are generally profitable. Due diligence
investigation aims at assuring financial claim and firming the confidence of
investment and credit transaction.
The subjects of due diligence investigation abroad consist of chattels, real
estate and intangible assets of enterprises and individuals. The due diligence
investigations on enterprises are mainly conducted through on-site visit,
referring to the credit reports and financial statements, and so on while the
due diligence investigations on individuals are often conducted in secret. The
market research is the basis for marketing. Sampling questionnaire survey and
fixed follow-up survey can make enterprises fully know about customers, the size
in the main and the competitors, choose point of sales and the time of product
launch, promote the improvement of marketing mode, develop products better and
orient the market. It is worth noting that database marketing using market
survey results Credit rating consists of the due diligence rating on capital
market (financial organizations, listed company, bonds, industries and
countries), ratings on enterprises (all kinds of enterprises, mostly medium and
small-sized enterprises), and grading on individual consumers. As mentioned
above, the companies providing these services primarily include Dun and
Bradstreet, Moody, Standard and Poor¡¯s, 3 biggest consumer credit bureaus in the
world, and professional rating companies such as Fair Issac, HNC. The final
effectiveness of the credit rating depends on whether or not the credit rating
can be successfully used in business practices and decision-making. Banks and
financial institutions conduct internal ratings on enterprises and individual
customers for refinement and market demands and the most successful in this
aspect are Citibank of the United States, Morgan Chase Manhattan Bank, Bank of
America, Merrill Lynch, Goldman Sachs Investment Bank, and so on. During the big
enterprises, more successful are IBM, Ford, General Electric, AT&T, and so on.
Credit rating is developing toward multielement and refinement. According the
current trend, the credit rating is not only used for guarding against risks,
but also provides effective way to develop market and create more profits for
enterprises. In addition, the two companies Media Matrix and Nielsen Netratings
mainly provide the service of online rating.
Credit insurance refers to that the insurance object is risks from importers in
the international trade and the losses like non-payment caused by importers are
insured. As the trade between countries develops continually at present, the
role played by credit insurance becomes more and more apparent. Credit insurance
provides exporters with assistance and protection such as mitigation of risks,
capital raising, and strengthening competitiveness. The Export-Import Bank of
the USA is also the well-known credit insurer. In addition, AIG and Co. ce of
France are both such famous companies. Factoring refers to a service that
factors provide accounts receivable to customs by purchasing customs¡¯ debt
(getting profits by charging the customs). Different from credit insurance,
factoring is a kind of claim transfer transaction. Factors often immediately pay
foreign trade enterprises for the accounts receivable to make the exporters get
liquid capital in need in time.
Source:http://hi.baidu.com/bluezk/blog/item/60765b6633022c27ab184cc7.html
¡¡ |
|
¡¡
|
¡¡
A bird with two heads
Once upon a time, there was a bird called ¡°common fate¡± in a forest in
some country. The two heads of the bird depended on each other for
survival. When anything came up, they always discussed and then took
concerted action, for example, where to find food, where to build the
nest for inhabitation, and so on.
One day, one head misunderstood the other greatly for no apparent
reason, which led to hatred situation that they turned backs to each
other. One head tried every way to make up with the other, but the other
still turned its back and didn¡¯t want to make up at all.
Now, they began to quarrel for food. The kind head supposed to eat more
healthy food to increases vitality. However, the other insisted on
eating poisonous weeds to poison the kind one to eliminate the anger in
its heart. So peaceful talk could not continue, and they had to eat food
respectively. Finally, the bird with two heads died because it ate too
much poisonous food.
A company is like a big family in which the relationship among every
organization seems to be that among brothers and sisters, who should be
amiable and united. If something unhappy comes up, everyone should solve
it in an open and direct way instead of regarding others as enemies.
Everyone works in the same company, so others will also suffer once one
organization is in great disorder.
Intimacy is an invisible line among organizations, supervisors and
employees. Only when intimacy is established, can trust, sacrifice and
loyalty exist.
¡¡ |
